baccredited

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by baccredited 10y ago
This has everything you need: http://www.mrmoneymustache.com/2013/02/22/getting-rich-from-... I personally ignore most of MMM's frugal lifestyle stuff and focus on the saving 25x your annual spending par
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by baccredited 10y ago
nuzzel.com consistently surfaces good stuff I don't see elsewhere. Format is a daily email. Takes some work to set up if you aren't already following twitter folks who share your interests.
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by baccredited 10y ago
Save 2k a month and you can do it in 21 years. I'm saving more like 5.5K/mo now. This is a great read: http://www.mrmoneymustache.com/2012/01/13/the-shockingly-sim...
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by baccredited 10y ago
I bought my first stocks in 1993. Stick with it and you can easily beat me!
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by baccredited 10y ago
My approach is simple: invest the vast majority of all money after expenses into VOO (S&P 500 index fund). First max out tax advantage accounts like 401k and IRAs, then regular accounts. I have $1,100,000 in VOO. Trailing inflation adju
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by baccredited 10y ago
YES. Also if you could get it to auto-tag the URLs based on what OTHER people in pinboard used to tag it that would be awesome.
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by baccredited 10y ago
You can invest in Lending Club via a tax deferred account like an IRA. You won't be taxed on gains that way. Agree that handpicking is a waste of time. Let the autoinvest feature work for you.
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by baccredited 10y ago
Relevant: Why US FinTech is a Joke http://www.coindesk.com/fintech-joke/
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by baccredited 10y ago
I have invested in 4 Peer Street loans. The appeal to me is the transparency. All of their previous loans have been paid off. Compare to realtyshares.com where it is impossible to judge the past performance of old loans. I'm drawn to t
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by baccredited 10y ago
I do the same. I take 10% of total net worth and invest wherever the hell I want. I call it my 'casino fund'. For me I don't care about #2. If you had the most boring investment in the world that returned exactly 7% every sin
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by baccredited 10y ago
You have a 3rd option: start hacking towards happiness. At a giant company like G there are dozens of interesting projects. Take a positive attitude and get yourself assigned to one of them. Find the projects that interest you and take team
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by baccredited 10y ago
I don't really track this but think I heard that OPEC was threatened by the amount of fracking-based oil that was starting to reach the market and decided to put a major squeeze on the producers of that source of oil. I'm not sure
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by baccredited 10y ago
Ask HN: Which personal investing tools do you use? https://news.ycombinator.com/item?id=11387384
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by baccredited 10y ago
The reason I switched from DirecTV to Dish is that programming upgrades on DirecTV can easily be done using the website, but if you want to DOWNGRADE you have to call them. Dish has its own faults but doesn't do that nonsense.
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by baccredited 10y ago
>How about Berkshire Hathaway itself? Warren Buffett to heirs: Put my estate in index funds http://www.marketwatch.com/story/warren-buffett-to-heirs-put...
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by baccredited 10y ago
Point taken. But most big S&P 500 companies are heavily international. Look at Apple's last quarter: 'International sales accounted for 66 percent of the quarter’s revenue.'
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by baccredited 11y ago
>You will never, ever beat the market by making smart trades. Agree. Just buy ticker VOO and get on with your life. Even Warren Buffet has said to buy 90% VOO and 10% bonds. And you will never be as good at this as Warren Buffett. That s
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by baccredited 11y ago
The comments here are very negative so I'll share a little background on this Norway fund in case you haven't heard of it. Norway started making money from oil reserves and knew they wouldn't last forever. So they invested al
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by baccredited 11y ago
I'll summarize: Many startups fail. Don’t throw good money after bad.
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by baccredited 11y ago
I buy ticker VOO, maxing out tax advantaged accounts first and then just keeping buying more. http://www.mrmoneymustache.com/2013/02/22/getting-rich-from-...
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by baccredited 11y ago
https://www.mint.com/ - track your net worth https://lab.madfientist.com/ - track your FIRE date - Financial Independence Retire Early, otherwise known as FU money (my date is Dec 2022) http://ww
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by baccredited 11y ago
$93,917 for 2015. I was lucky enough to be born with gifts that make me good at writing code. I trade that coding ability for money. I invest that money in the S&P 500 (ticker VOO). I've been doing this for decades and have investe
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by baccredited 11y ago
Scott Adams’ Financial Advice https://www.mattcutts.com/blog/scott-adams-financial-advice/ Getting Rich: from Zero to Hero in One Blog Post http://www.mrmoneymustache.com/2013/02/22/
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by baccredited 11y ago
I've invested in over 100 startups. Here's how it will change MY investing: not at all. If the rate kept rising and rising I might shift some startup dollars to bonds or whatever (if the return beat 7%).
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by baccredited 11y ago
The article is about JPMorgan Chase, but I think this Taibbi quote about Goldman Sachs applies: These banks are a 'great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells
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by baccredited 11y ago
Yes, just started using Medium. I invest in startups (would invest in every YC-backed company if I could). https://medium.com/@baccredited Thanks for kicking this off Ray I followed you.
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by baccredited 11y ago
If you are just starting to dip your toes into world of investing I recommend: http://www.mrmoneymustache.com/2013/02/22/getting-rich-from-...
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by baccredited 11y ago
I have about 3% of my net worth with LendingClub. Returns have been 8%. I use the automated investing tools and don't focus at all on the number of defaults, etc. Just let the algorithm work for you. Realize that you are basically lend
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by baccredited 11y ago
I was lucky enough to be born with gifts that make me good at writing code. I trade that coding ability for money. I invest that money in the S&P 500 (ticker VOO). I've been doing this a while and have invested about $900,000 to da